Cofco sugar shareholders approve governance changes

COFCO Sugar Holding Co., Ltd. held its second extraordinary general meeting of shareholders on September 22, 2025, in Beijing. A total of 1,135 shareholders and proxies attended, representing 51.8171% of the company's total voting shares. All eight in-office directors and three in-office supervisors were present, with the meeting presided over by director Zhao Wei.

Shareholders approved several critical proposals, including the cancellation of the supervisory board and the repeal of its rules, which passed with 99.8830% of votes in favor. Revisions to the company's articles of association also passed with 99.0899% approval. Additionally, amendments to the rules of procedure for shareholders' meetings and the rules of procedure for the board of directors were approved with 99.0238% and 99.0098% in favor, respectively.

Further approved resolutions included revisions to the independent director work system (99.0076% approval), the cumulative voting system implementation rules (99.0209% approval), and the independent director subsidy management measures (99.9004% approval). The meeting's procedures and results were deemed legally valid by Beijing Anli Law Firm.